Potential First Flip!

[Michael Brown]

Hi BP!

I am currently looking at a potential house in Marlborough, MA for my first flip opportunity! It is a house built back in 1890!!!. My question is the following:

Can you guys check out a FLIP Calculator Analysis I put together (below) and let me know your thoughts? I have not been in the house yet (the open house is tomorrow 1/7/17 and 1/8/17, but I literally went through every cost in J Scotts book on Rehab Costs and assumed the worst. I was hoping to get insight/expertise from people who have flipped houses. I don't have Comp 1, Comp 2, Comp 3) that I felt were most similar (using J Scotts comp. technique). I know I didn't use sales within the last 6 months for Comp 1 and 2, but Comp 1 is literally on the same exact street (which is key because the street is just off a busy street with a bunch of businesses). It sold for $270,000 a couple years ago, and is currently worth 340K. Anyways see the "Analysis" below, and let me know what you guys think!

Here is the Zillow link to the house: House

and here is the analysis link: Analysis

Thank you guys!

Michael A. Brown, CPA